These days, accounting experts with an IFRS diploma are in high demand. These people are sought after by businesses as a result of their expertise in financial management. 120 nations have adopted IFRS, which was developed in the European Union. The International Accounting Standards Board and the IFRS Foundation together released a set of accounting standards known as the International Financial Reporting Standards or IFRS. Offering a Diploma in IFRS online was done so that financial statements of firms from all over the world may be understood and compared.
To maintain a global standard for financial & accounting operations, organizations favor recruiting employees with international level qualifications. Due to their ability to manage financial operations in accordance with IFRS standards, these experts become valuable resources for enterprises. They are also equipped to deal with circumstances where resources are scarce. The need for IFRS professionals grows as a result of the regulators’ continual additions and revisions to the IFRS standards.
Eligibility
Professionals with a background in accounting and finance may pursue a diploma in IFRS. Potential IFRS experts are those with degrees in finance and accounting-related fields such as MBA (Finance & Accounts), Chartered Accountancy, Cost & Works Accountant, Company Secretary, Chartered Financial Analyst, Chartered Financial Planner, and all others.
Importance
Professional advisory organizations are also in need of such diploma holders to provide reliable consulting services to other organizations. The insurance industry, which operates in tandem with new financial and accounting rules, is another attractive sector in which such people are required. Additionally, the education sector hires these experts as coaches for courses on IFRS standards. In order to assist corporations in implementing IFRS standards successfully, auditing firms need professionals with an IFRS diploma.
International Opportunities
Because they possess the knowledge and abilities to ensure competence on a global scale, professionals with IFRS credentials can work for the majority of firms. The likelihood of success rises as a result of the complexity of applying IFRS rules. More than 100 nations accept IFRS. This implies that IFRS specialists are eligible to apply for positions not just in India but also everywhere in the world. The profession of finance and accounting is challenging, but it also offers unlimited learning opportunities and good pay. It offers professionals who pursue it a global elevation. This opens up employment prospects for people everywhere.
Exam Structure
You must score at least 50% to pass this exam, which takes three hours and fifteen minutes. There are 4 questions in all, each worth 25 points. In June and December of each year, the exam is conducted.
Course Duration
To properly study for the ACCA Diploma IFRS examination, it will take you about 4-5 months. It should not be assumed that earning an IFRS diploma will be a piece of cake because it is a widely recognized credential. Therefore, it’s crucial to avoid taking anything lightly and to maintain composure. Although it varies depending, it is estimated that most people will need to put in a total of about 41.5 hours to successfully finish the program.
The need for experts in IFRS will increase dramatically over the next few years because IFRS adoption has already begun in India. If you have an IFRS certification, you may be eligible for attractive compensation packages. The finance and banking industries are in need of IFRS specialists. Admission to the IFRS course with Tishadz gives ample opportunities to students so that they can get knowledge and work proficiently. Check out the online IFRS course in India to find out more.
